Tata Consultancy Services (TCS) is approaching oversold territory on the daily chart with RSI near 30, signaling potential for a short-term bounce. Price action is testing support, and risk is well-defined with a 1:1+ risk-reward setup. While the broader IT sector remains under watch, this setup offers an attractive opportunity for swing or short-term traders.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.